Core Insights - The company, Jianfa Xingsheng (00731), reported a mid-year performance for 2025 with revenues of HKD 640 million, reflecting a year-on-year decline of 3.7% [1] - The company experienced a net loss of HKD 41.16 million, which is an increase of 21.7% compared to the previous year [1] - Basic loss per share was reported at HKD 0.029 [1] Revenue Analysis - The decrease in revenue is attributed to a complex and changing international trade environment, weak consumer market recovery, and overall pricing pressure in the packaging paper market, leading to a drop in unit selling prices for paper products [1]

Core Viewpoint - Company reported significant growth in revenue and net profit for the first half of 2025, driven by the rapid expansion of its liquid cooling plate business for electric vehicle batteries and overseas communication services [1][2][3]. Financial Performance - Revenue for the first half of 2025 reached 541 million yuan, a year-on-year increase of 43.9% [2][3]. - Net profit attributable to shareholders was 17.6 million yuan, showing a remarkable growth of 520.71% compared to the previous year [1][3]. - Operating profit was 23.67 million yuan, up 405.78% year-on-year [2][3]. - Basic and diluted earnings per share increased to 0.14 yuan, a 600% rise from the previous year [3]. Business Segments - The polymer materials segment generated 229 million yuan in revenue, a growth of 6.04%, with ongoing collaborations with major telecom companies [4]. - The thermal management systems segment saw revenue of 311 million yuan, reflecting a substantial increase of 95.31% [5]. - The company is actively developing data center cooling solutions through its subsidiary, focusing on liquid cooling technology [5][6]. Market Trends - The liquid cooling sector has experienced a surge, with an increase of 28.54% in the related market since August 2025, driven by the demand from AI and electric vehicles [1][7]. - The company aims to leverage its resources to innovate and industrialize data center liquid cooling technology, positioning itself for future growth [6][10]. - The integration of liquid cooling systems in data centers is accelerating, with major cloud service providers expanding their capacities to support such technologies [10].

Core Viewpoint - Company reported significant growth in revenue and net profit for the first half of 2025, driven by the rapid expansion of its liquid cooling plate business for electric vehicle batteries and overseas communication services [1][2]. Financial Performance - Revenue for the first half of 2025 reached 540 million yuan, a year-on-year increase of 43.9% [2]. - Net profit attributable to shareholders was 17.6 million yuan, reflecting a substantial growth of 520.71% compared to the previous year [2]. - Operating profit was 23.67 million yuan, up 405.78% year-on-year [1][2]. - Basic and diluted earnings per share increased to 0.14 yuan, a 600% rise from the previous year [2]. Business Segments - In the polymer materials sector, the company generated 229 million yuan in revenue, a growth of 6.04% [3]. - The thermal management systems segment saw revenue of 311 million yuan, marking a significant increase of 95.31% [3]. - The company is actively developing data center cooling components through its subsidiary, focusing on collaborative manufacturing and self-production [3][4]. Market Trends - The liquid cooling sector has experienced a surge, with an increase of 28.54% in the sector since August, driven by the demand from AI and electric vehicles [6]. - The company plans to enhance its data center liquid cooling technology and industrial application in the second half of 2025, aiming to seize industry opportunities [5][9]. - The rise in demand for liquid cooling solutions is attributed to the increasing heat density in computing equipment and data centers, necessitating advanced cooling technologies [9].

Group 1 - The company, Jianfa Xingsheng (00731.HK), will hold a board meeting on August 27, 2025 [1] - The agenda includes reviewing and approving the interim results for the six months ending June 30, 2025, and discussing the proposal for an interim dividend, if any [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部或任何部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 董事會會議通告 建發新勝漿紙有限公司（「本公司」）董 事（「董 事」）會（「董事會」）謹 此 公 佈，董 事 會 將於二零二五年八月二十七日（星 期 三）舉 行 會 議，藉 以（其 中 包 括）考慮及批准 本公司及其附屬公司截至二零二五年六月三十日止六個月之未經審核中期業 績 及 其 刊 發，以 及 考 慮 派 付 中 期 股 息（如 有）。 承董事會命 建發新勝漿紙有限公司 執行董事 黃田勝先生 C&D Newin Paper & Pulp Corporation Limited 建發新勝漿紙有限公司 * （於 百 慕 達 註 冊 成 立 之 有 限 公 司） （股 份 代 號：731） 香 港，二 零 二 五 年 八 月 十 五 日 於 本 公 告 日 期，董 事 會 成 員 包 括 兩 名 執 行 董 事 黃 田 勝 先 生 及 林 儒 卿 ...

Core Viewpoint - The company expects to report a consolidated net loss of approximately HKD 38 million to HKD 43 million for the six months ending June 30, 2025, compared to a consolidated net loss of approximately HKD 33.8 million for the six months ending June 30, 2024 [1] Group 1: Financial Performance - The consolidated net loss for the upcoming period represents an increase compared to the previous period, primarily due to a decline in paper product sales prices amid a complex international trade environment and weak consumer market recovery [1] - The company experienced a slight decrease in revenue during the current period [1] Group 2: Government Incentives - The reduction in government incentives related to special VAT deductions for the company's subsidiary, Yuantong Paper Industry (Shandong) Co., Ltd., decreased by approximately HKD 6.3 million compared to the previous period [1]

Core Viewpoint - The company, Jianfa Xingsheng (00731.HK), anticipates a consolidated net loss of approximately HKD 38.0 million to HKD 43.0 million for the six months ending June 30, 2025, compared to a consolidated net loss of about HKD 33.8 million in the previous period [1] Summary by Relevant Categories Financial Performance - The expected consolidated net loss for the current period is projected to increase due to a decline in paper product sales prices, resulting in a slight decrease in revenue [1] - The reduction in government incentives related to special VAT deductions for the company's subsidiary, Yuantong Paper Industry (Shandong) Co., Ltd., decreased by approximately HKD 6.3 million compared to the previous period [1] Market Conditions - The company is facing challenges due to a complex international trade environment and a sluggish recovery in the consumer market, which are contributing factors to the decline in sales prices [1]

Core Viewpoint - The company, Jianfa Xingsheng (00731), anticipates a consolidated net loss of approximately HKD 38 million to HKD 43 million for the six months ending June 30, 2025, compared to a consolidated net loss of about HKD 33.8 million for the six months ending June 30, 2024 [1] Group 1: Financial Performance - The expected consolidated net loss for the upcoming period represents an increase compared to the previous period [1] - The decline in paper product sales prices due to a complex international trade environment and weak consumer market recovery has contributed to a slight decrease in revenue [1] - The reduction of government incentives related to special VAT deductions for the company's subsidiary, Yuantong Paper Industry (Shandong) Co., Ltd., has decreased by approximately HKD 6.3 million compared to the previous period [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部或任何部份內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 – 1 – 由 於 本 公 司 仍 在 落 實 其 於 截 至 二 零 二 五 年 六 月 三 十 日 止 六 個 月 之 中 期 業 績， 於 本 公 告 日 期，本 公 告 所 載 資 料 僅 基 於 對 管 理 賬 目 作 出 的 初 步 審 閱 及 評 估 以 及 董 事 會 目 前 可 得 的 其 他 資 料，其 未 經 本 公 司 核 數 師 審 閱、確 認 或 審 核，亦 未 經 本 公 司 審 核 委 員 會 審 閱，並 可 能 須 作 出 調 整 及 最 終 確 定。根 據 上 市 規 則，本 集團截至二零二五年六月三十日止六個月之未經審核中期業績目前訂於二零 二 五 年 八 月 二 十 七 日 公 佈。 本 公 司 股 東 及 潛 在 投 資 者 於 買 賣 本 公 司 證 券 時 務 請 審 慎 行 事。 C&D Newin ...

| 代码 | 名称 | 最新价 | 涨跌幅 ▽ | | --- | --- | --- | --- | | 00731 建发新胜 | | 0.208 | 6.67% | | 02689 | 玖龙纸业 | 4.620 4.29% | | | 02314 理文造纸 | | 2.680 | 4.28% | 今年以来，造纸企业已在1月—3月和5月进行过两轮提价，而本轮主要是包装纸价格上涨。原材料、能 源及物流等成本上升成为此轮涨价的主要推动因素。业界认为，纸企近期连番发涨价函拉涨纸品出厂价 格，可看作是包装纸行业对今年以来不断下探的市场行情的一次"反攻"。 此次涨价潮对造纸行业上市公司而言，短期内有助于缓解成本压力，但长期的行业健康发展仍需解决产 能过剩、需求提振以及规范市场竞争等多方面问题。(格隆汇) 消息上，刚进入8月，造纸行业便迎来一轮涨价潮。玖龙纸业、理文造纸、山鹰国际等龙头企业近日相 继发布涨价函，宣布自8月1日起上调多款产品价格。这已是7月以来包装纸行业发起的第四轮涨价，显 示出行业调价频率明显加快。 港股纸业股盘初拉升上涨，其中，建发新胜涨近7%，玖龙纸业、理文造纸涨4.3%。 ...